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Tech Data Completes Acquisition of Avent’s Technology Solutions Business

Tech Data announced it has completed its acquisition of the Technology Solutions business from Avnet, Inc. (NYSE: AVT).

The combination creates a premier global end-to-end IT distributor with unmatched capabilities and the most diverse solutions from the data center to the living room.…

Tech Data Corporation to Acquire Technology Solutions Business from Avnet for $2.6 Billion

Tech Data announced that it has entered into a definitive agreement to acquire the Technology Solutions business from Avnet, Inc. (NYSE: AVT) for $2.4 billion in cash and 2.785 million shares of Tech Data common stock, in a transaction valued at approximately $2.6 billion, based on a 15-day weighted average closing stock price.